OKX vs PrimeXBT Review 2025: Crypto Exchanges Compared!

Most of the funds that are held at PrimeXBT are kept in cold storage. While margin accounts have a potential for higher returns than a typical cash account, they do come with a substantial downside risk due to the leverage involved. Having your records is just step one, because now you’ll need to calculate the tax outcomes for each and every transaction. No, the Islamic Account is interest free and complies with Sharia law, ensuring that no interest is charged on overnight positions. Start trading today and experience the power of advanced trading technology at your fingertips. If you ever need any assistance or have more feedback, please feel free to reach out to us via live chat or email at. So if you traded with $50 and 100:1 leverage, you could control a $5,000 position, if you used $1000 you could control a $100,000 trade. Seek independent advice if you have questions or do not fully understand the risks. We have developed a unique personal charting package which provides a large array of professional charting tools and instruments, which also allows us to update and improve it in accordance with the needs and wishes of traders. However, insurance coverage is still rare within the crypto industry. We’ve curated our list using a mix of centralized and decentralized anonymous crypto exchanges with the most up to date information at the time of writing, as many former no KYC exchanges like KuCoin, Bitget, and OKX have implemented mandatory KYC in just the last few months. To open a trading account. We’re thrilled to hear that you’re enjoying the variety of services and tools we offer. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. While PrimeXBT aims to provide an inclusive and accessible trading environment, legal and regulatory considerations may limit services in specific regions. Investment Objectives. Yes, PrimeXBT may charge an inactivity fee if your account remains inactive for a certain period. Her answers were timely and well informed. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. That is not a criticism against them, these platforms are not in the niche of providing beginner and user friendly platforms, they are in the business of running advanced crypto trading platforms for serious and experienced traders. The Federal Reserve cut rates by 25 basis points 0. We’re glad it’s helping you build confidence and improve your trading skills. Transactions incryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidentaltransactions may not be recoverable. A stop loss order is an order that tells the broker to get you out of a trade if a specific price is hit. BTC deposits require 3 block confirmations which usually takes around 40 minutes on average;.

PrimeXBT Withdrawals

Slippage can occur for a number of reasons. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. FREE $10 + $4,000 Sign up Bonus. Returns or profits may be subject to capital gains tax. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Paid the network fee and paid by usdt , went trought w/o problems. These alternatives offer various discounts and deals, making them competitive options for cryptocurrency trading. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information.

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These products are not suitable Bono de 200 en PrimeXBT for all investors. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. While each way has its distinct pros and cons, day traders who are interested to speculate on the price of the coin are best served by the cost effective Bitcoin CFDs. This covers a step by step approach to leverage tarding for beginners. Additionally, the broker does not charge handling fees for deposits or withdrawals or impose inactivity fees on dormant accounts. Comments: Limited technical analysis tools. As a result, the price of COV on PrimeXBT is influenced by changes in the BTC price. Instead of buying the full value of an asset, you only need to deposit a fraction of it, known as a margin. Sign up take less than 40 seconds. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. PrimeXBT follows KYC and AML rules for a safe and legal trading place. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. Don’t trade against the trend. Bitcoin’s Decline Could Mean Gains for Solana: $187 Target in Sight. Additionally, technological advancements in blockchain could either bolster or challenge Polygon’s relevance. Below is an example of how leverage will work on the PrimeXBT platform. Learn more about our ranking methodology. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders.

Supported and Restricted Countries

You sit back as the experts work their magic. Notable FinCom members include Pepperstone, Exness, RoboMarkets, Alpari, and IC Markets. Others incorporate it into their investment portfolios as a store of value, while a third group speculates on Ether price fluctuations without owning any tokens. PrimeXBT has partnered with a licensed DLT services provider Covesting to offer its users services such as Covesting Copy trading and yield accounts. 01%, while on PrimeXBT, they were consistently over 0. This is active and manned 24/7. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. The problem is that we don’t have a time machine to go back and invest. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. At the same time, clients have access to the following terms and conditions. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. On the other hand, BYDFi, which is mostly used by experienced traders, is known for margin trading and TradingView charts, supporting high volume users. Before you start using leverage in your trading, there are a few tips that you may want to take to heart before risking any of your hard earned capital. On top of that if you are working with crypto exchange,, then it’s probably impossible to trade currencies as well. PrimeXBT’s excellent reputation is built on a spotless cybersecurity track record. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. 20 x 60 = $ 1200 profit.

Current Crypto Prices

On the homepage, click “Become a partner” to go to the application site. PrimeXBT offers only 40 cryptocurrency derivatives, while Bybit offers over 300. PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. The Polkadot blockchain features a multi chain architecture and shared security model offer scalability benefits. ” In the ensuing “New Order” dialog, select “Sell. We’re glad to hear that you find the crypto options, including Bitcoin futures, on PrimeXBT exciting and fitting for your trading needs. Completing the verification process is mandatory to claim the sign up bonus. On PrimeXBT this problem does not exist, because you can manage your positions on the go. Our user friendly platform features advanced charts and tools, to help you make informed trading decisions. Trade 100+ markets like BTCUSD, EURUSD and SP500. Date of experience: July 12, 2024. Gemini is easy to use and offers a variety of trading features and rewards. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. PrimeXBT is a global trading platform that was founded back in 2018 and has its headquarters in the Seychelles and St. Scan the QR code with your device’s camera and get APK file.

How to calculate PrimeXBT fees?

The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. No, Unrealized P/L does not include any fees incurred from trades. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. Description: Binance Coin is the native utility token to the Binance crypto platform. You can update your choices at any time in your settings. Past performance is not a reliable indicator of future results. Anyone can write a Trustpilot review. It will also help you identify if you have accidentally landed on a phishing site of some sort. They were not even listed as a top 50 safe exchange by Certified’s security audit, and being unregulated was another red flag. Very easy to use as a new trader. They’ve introduced an affiliate program, allowing publishers to earn by promoting their services. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. These products are not suitable for all investors. As well as this, the exchange has a strong focus on privacy coins like Monero XMR. The platform has a robust multi level referral program and offers various bonuses and rewards. What is more, when compared to other market participants, PrimeXBT’s trading fees are reasonably low. To verify, log in to myAlpari on the exchange’s website, click on the Profile icon in the upper right corner. With Perpetual Contracts: Daily fluctuating funding interest rates for leveraged positions. Over the last couple of years, Solana has captured the imagination of traders around the world. It also provides a breakdown of individual crypto and US dollar balances. However, it has become standard on most trading platforms. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. This causes a slight delay in funds being available in the account.

PrimeXBT Research: My Key Takeaways

Namibians can easily register a demo account to explore PrimeXBT’s offering. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. However, due to the harsh regulatory requirements in the US, Bybit does not serve US residents. Some products and/or services might not be covered by the Compensation Fund. Withdrawals are processed once daily, between 12:00 and 14:00 UTC. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. The site offers many services currently but none has yet reached the mainstream, implying it could continue to be a very profitable market. I’ve done that, and it sucks. Ensure you have a valid email address and a secure password ready. Here’s an exhaustive list of the various types of crypto wallets, their individual advantages and disadvantages, as well as explaining the different ways each wallet system works. Strategy managers must have a minimum balance of 0.

User Interface

2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. If you have any more questions or need further assistance, please don’t hesitate to reach out at. An array of decentralized finance solutions, a huge community and a rich development road map strengthened its position even more. Margin trading crypto works just like in other financial markets – a trader borrows money from his or her broker in order to fund a crypto trading position. Why It Is Popular: XRP is a popular cryptocurrency due to how strong its breakout has been in the past. It depends on your individual risk tolerance and experience level. Another feature of PrimeXBT is that here all transfers both deposits and withdrawals are done manually. While the COV token was initially intended to be exclusive to Covesting’s exchange, it listed on multiple exchanges shortly after its launch. You could lose all the money you invest. Some are based on the 10 largest coins by market cap, like the Crypto 10 Index, while others invest in altcoins and exciting new projects that are based on blockchain. This $100 bonus is then available for trading, giving new users a boost as they begin their trading journey on PrimeXBT. Is their response time reasonable, i. 📈 Discover PrimeXBT’s innovative copy trading feature. Join the thousands already learning crypto. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. The price predictions indicate huge profit possibilities if invested at the right time. Since trading AI Artificial intelligence bots differ in risk levels, success rates, and how well they handle different market conditions, it’s important to choose the right one for your trading style. Another advantage of leveraged trading, in general, is that it allows traders to short an asset. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. We want to purchase 0. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit.

3 Short Selling Made Easy

Brand operating since. If yes, we’ll show you how by clearly explaining how conventional crypto exchanges work. Many traders might also be turned off by scalp trading’s fast paced, low time frame windows. Therefore, I recommend this broker to manual traders and those favouring copy trading. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. This comparison highlights the differences and similarities to help traders choose the most suitable platform for their needs. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. What Makes EUR/USD the Most Traded Currency Pair. The FSCA mandates that brokers offer quality education to beginners, and PrimeXBT has published 390+ educational articles. I have compiled the table below to help you better understand the difference between the trading fees with PrimeXBT’s CFD Trading account and the industry average. Information regarding past performance is not a reliable indicator of future performance. PrimeXBT has traders from over 150 different countries.

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Always check the details before participating. PrimeXBT conducts regular security audits to identify and address potential vulnerabilities. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. Fully customisable, easy to use trading platform. Share your link on social media and elsewhere on the internet. During testing, I received fast responses with a reasonable level of detail. Something that we found particularly impressive about the app is that you can customise your layout to suit your trading preferences. Go to Settings > Security and enable Install from Unknown Sources if prompted. Copy trading, by its nature, is a feature that allows inexperienced traders to mimic the strategies of successful ones. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement.

HIRN Signals

The behaviour of the support and resistance levels can create a larger market trend outlined by a trendline. Since 2018, PrimeXBT brand was been providing traders all over the world with cutting edge financial technology, helping them make the most out of the markets. Ethereum and Ripple follow in BTC’s footsteps and decline 8. In the world of Cryptocurrency, there are two main avenues to Crypto trading: spot trading and derivatives trading. Additionally, BitSeven provides extensive educational resources such as tutorials, webinars, and articles to help users learn about trading and the platform’s features. The edge clearly goes to PrimeXBT in this case, with plenty of added features beyond what eToro offers. PrimeXBT offers live price charts for all the markets available on the platform. The PrimeXBT team is committed to 24/7 customer service. Remember that PrimeXBT offers leverage on their CFD products, so it is not necessary to put down the full value that you are trading. Registered in Seychelles, PrimeXBT has offices in St. You decide to short the market and get filled for 100 CFDs at the best bid price of 31,650. PrimeXBT does not accept traders from The United States of America US Reportable Persons or residents of Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, US Virgin Islands, and Northern Mariana Islands. The available payment methods include cryptocurrencies, bank transfers, and credit cards, each with its own set of limits and fees. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. Go to Settings > Security and enable Install from Unknown Sources if prompted. Automated trading is not permitted on PrimeXBT’s trading platform. It has a daily average trading volume of $545 million which should give you some idea of scale. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. Bitseven has discontinued its trading services in spring of 2021. Great, now that we have covered a bit of head to head, let’s dive into each one a little more in detail. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Today, in 2023, Litecoin has languished right along with some of the bigger crypto, as it is trading under $100, and has even seen $50 lately. For instance, the Shoulders Pattern is visually similar, yet there is a core difference between the two. PrimeXBT is an acceptable choice for day traders. Understanding the mechanics of limit orders and their fee structure can help traders make more informed decisions and optimize their trading strategies. Report rules violations.

Girasoles

414 Fibonacci price target drawn from the 2021 swing high to 2022 swing low projects a target for this cycle of $9,700 per ETH. Traders can calculate them by multiplying their position size by a broker’s financing fee and the closing price. There are so many customers being drawn to cryptocurrencies that we had to include a vertical within our PrimeXBT review. In addition, Fiat wallets allow users to deposit, withdraw, and transfer Fiat currencies. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. This bonus can be a valuable tool for traders looking to expand their trading opportunities, but it is important to be aware of its limitations and potential risks. Join millions of users, from beginners to professionals, who use PrimeXBT to purchase crypto, trade, and manage their investments in a smarter way. Here are the conditions for each level. Though on the flip side, being an unregulated broker means you need to place a lot more trust in the company and are depositing funds at your own risk. This level of leverage is particularly attractive for traders looking to amplify their positions. The standout feature of PrimeXBT’s offering is its rock bottom $0. As mentioned, the maximum leverage on PrimeXBT is 1:200 for BTC and ETH pairs, with other crypto pairs varying between 1:5 to 1:50 and up to 1:1,000 on some of their forex pairs. I found the KYC process to be straightforward, with my account being verified instantly. You can also set stop and limit orders to protect you from taking a huge risk. Using the Relay Chain allows for the parachain’s system to work seamlessly with a solid structure so developers can work on privacy and scalability for their particular applications. If you are looking for a platform that will give you some advanced order types, and a few basic algos, Live Trader might be overkill. The complex interface is unsuitable for inexperienced traders. These factors make PrimeXBT an attractive option from a cost benefit perspective. A correlation that has emerged as of late is between Crypto and Stocks, since both are considered assets that are invested in when the economy is in a growth cycle. Margex is not licensed by any major regulatory authority. This will result in maximum margin utilization at 1:200 leverage and 0% of Available Margin will remain. Whether you’re a total beginner or seasoned pro, PrimeXBT has resources to match your experience level. With a PrimeXBT CFD trading account, you have access to over 100 global markets, and some of the best trading conditions around. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The COV utility token is integrated into the PrimeXBT ecosystem, offering users several incentives, such as staking, using COV as collateral for leveraged trading, reducing or eliminating entry fees, increasing profit share, copy trader benefits, and increasing APY on yield accounts by quantity of COV held. For those using the mobile platform, biometric authentication like fingerprint scanning or FaceID is available, while desktop users must rely on entering their password each time they log in.

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You can always use our social trading service here at Crypto Parrot to inform your trades with PrimeXBT crypto. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. 2024 00343, having its registered office address at PKF Corporate Services Ltd. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. However, thanks to Uniswap and NFTs, this number is barely scratching the surface of just how many different types of cryptocurrency coins are out there today. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. This is the difference between being a professional trader, and a gambler. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. In this scenario, the GBP/USD pair has risen instead. Short selling is selling high and re buying low. PrimeXBT and Bybit have a lot more differences than similarities when it comes to their offerings. Trading cryptocurrencies on margin carries a high level of risk, and may not be suitable for everyone. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. Also Read: eToro vs PrimeXBT vs Capital. External factors such as global economic conditions, market cycles, and institutional adoption of Cryptocurrencies can either support or slow SHIB’s price movements. Bybit has quite a few earn features available, which provide traders with plenty of opportunities for passive income.

Worse

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. This is also one of our main review criteria when it comes to grading an exchange. Your account balance is an important factor to consider as it determines your trading limits on PrimeXBT. You can open a cryptocurrency exchange account the same way as opening any brokerage account. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The trader might hold onto a losing position for too long, hoping for a reversal that never happens, ultimately resulting in a substantial loss to their account balance or even complete liquidation of their investment. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. Trade cryptocurrencies, commodities, Forex, and major stock indices with ease using CFDs. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. PrimeXBT relies on various security protocols to guarantee the protection of customer funds and information. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. You’ve likely heard horror stories about cryptocurrency platform outages. Gold is an established and mature market for investable assets. The platform has a great payment process👏🏻. These products are not suitable for all investors. You also have the option to insert a referral code if you were given one more on this later. If you choose to simply guess where things are going, you do have the possibility of being profitable occasionally, but the longer term success is highly questionable. 50 area, and this could be a significant barrier to overcome. 0005 BTC for Bitcoin withdrawals. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. PrimeXBT serves clients in over 150 countries, and it has quickly risen to become a popular choice among cryptocurrency enthusiasts and active traders. SSI seeks to change that. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. This gives you an in depth overview of the operational status of the trading engine, deposits/withdrawals and website. I’ve signed up for plenty of exchanges, some for the purpose of my own investing and trading, and others so I can conduct proper reviews.